Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC) Plans $0.11 Monthly Dividend

Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC) announced a monthly dividend on Friday, September 11th. Investors of record on Monday, September 21st will be given a dividend of 0.1125 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 11.2%. The ex-dividend date of this dividend is Monday, September 21st.

Ares Dynamic Credit Allocation Fund Trading Down 0.6%

Shares of ARDC stock opened at $12.02 on Friday. Ares Dynamic Credit Allocation Fund has a twelve month low of $11.60 and a twelve month high of $14.89. The stock has a 50 day moving average of $12.37 and a 200 day moving average of $12.45.

About Ares Dynamic Credit Allocation Fund

Ares Dynamic Credit Allocation Fund (NYSE: ARDC) is a closed-end management investment company that seeks to deliver attractive risk-adjusted returns through a diversified portfolio of credit instruments. Launched in mid-2019, the fund is sponsored and managed by Ares Management Corporation, a leading global alternative asset manager. ARDC’s investment objective centers on generating current income with an emphasis on preserving capital, drawing on Ares’s extensive experience in the credit markets.

The fund deploys capital across a broad spectrum of corporate credit opportunities, including senior secured loans, high-yield bonds, subordinated debt and direct lending to middle-market companies.